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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Swedish Krona/Brazilian Real (FOREX:SEKBRL)

Crossroads (-60) - SEKBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SEKBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.51229755 0.51627092 0.51137403 0.51627092 +0.00397300
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term up The long-term trend has been UP since May 28th, 2024 at 0.49026767

intermediate term down The intermediate-term trend has been DOWN since Jul 12th, 2024 at 0.50908718

short term down The short-term trend has been DOWN since Jul 4th, 2024 at 0.52378216

Smart Scan Analysis for SEKBRL

Based on our trend formula, SEKBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51229755 0.51627092 0.51137403 0.51627092 +0.00397300
Prev. Close Volume Bid Ask Time
0.51229755 2024-07-17 06:07:25
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